Realterm strengthens Southwest portfolio with industrial acquisition in Phoenix

Realterm announced the acquisition of 3615 S. 28th Street, a 19,819-square-foot industrial outdoor storage (IOS) facility in Phoenix, Arizona.

The property spans 2.8-acres and includes two maintenance facilities totaling 20,650 square feet, featuring a combined nine ground-level doors and an on-site wash canopy. The overall site offers three points of ingress/egress and strong interstate access, making it well-suited for logistics users.

“This is exactly the type of asset we seek; purpose-built for best-in-class fleet and equipment operators,” said Ed Brickley, Managing Director, Senior Fund Manager at Realterm. “It’s a natural fit with our value-add investment strategy of acquiring highly functional logistics assets in supply-constrained markets.”

Located in Sky Harbor, Phoenix’s premier infill industrial submarket, the site offers immediate access to all major freeway systems, including I-10, I-17, U.S. Route 60 and Loop 202. The property also has strategic proximity to the Sky Harbor Airport and downtown Phoenix.

“This acquisition deepens our footprint in a high-barrier, supply-constrained submarket where we see continued demand from our tenant base,” said Brendan Coleman, Associate Vice President, Investments, Realterm. “It's a strong addition to our growing Southwestern portfolio.”

The transaction builds on Realterm’s momentum in the Phoenix industrial market following its October acquisition of 4475 N. 43rd Avenue in Phoenix, Arizona.